Summary
TLDR: Worldcoin, backed by Sam Altman, is making the core software of its eye-scanning Orb open source in a move towards transparency. The Orb creates unique biometric accounts for users, but has faced skepticism and privacy concerns from regulators. Despite this, Worldcoin is continuing to work with regulators and emphasizes privacy protections for user data. The Orb scans irises to create unique IDs and distributes tokens to users. The project aims to eventually create a global basic income.
Key Points
1. Worldcoin is making the core software undergirding the Orb open source to the public, showing transparency in their operations and technology.
2. The Orb’s main application has some code removed from the internal version, specifically related to fraud checks, to ensure security and prevent misuse of the technology.
3. Worldcoin faces challenges in convincing lawmakers and regulators of the trustworthiness of its biometric data collection and usage, with some governments raising privacy concerns and implementing temporary bans.